Est. Range $225M - $355M
George Edward Foreman is an American former professional boxer, entrepreneur, minister and author. He was nicknamed "Big George" and competed between 1967 and 1997. He is a two-time world heavyweight champion and an Olympic gold medalist. As an entrepreneur, he is known for the George Foreman Grill.
Foreman took up amateur boxing and won a gold medal in the heavyweight division at the 1968 Summer Olympics. Having turned professional the next year, he won the world heavyweight title with a stunning second-round knockout of then-undefeated Joe Frazier in 1973. He defended the belt twice before suffering his first professional loss to Muhammad Ali in the iconic Rumble in the Jungle in 1974. Foreman retired after a loss to Jimmy Young in 1977.
Following what he referred to as a religious epiphany, Foreman became an ordained Christian minister. Ten years later he announced a comeback, and in 1994 at age 45 won the unified WBA, IBF, and lineal heavyweight championship titles by knocking out 26-year-old Michael Moorer. He dropped the WBA belt rather than face his mandatory title defense soon after, and following a single IBF title defense on June 28, 1995, Foreman renounced his title – the last major belt he ever held.
Foreman has been inducted into the World Boxing Hall of Fame and International Boxing Hall of Fame. In 2002, he was named one of the 25 greatest fighters of the past 80 years by The Ring. The Ring ranked him as the ninth-greatest puncher of all time. He was a ringside analyst for HBO's boxing coverage for 12 years until 2004. Outside boxing, he is a successful entrepreneur and known for his promotion of the George Foreman Grill, which has sold more than 100 million units worldwide. In 1999, he sold the commercial rights to the grill for $138 million.
How long would it take you to earn as much as George Foreman?
The average salary for athletes in the United States is around $49,143 per year. Not however, if you play in the NBA where the average salary is projected to be around $8 million this year. Even then, though, earnings vary greatly. While some of the top players (we’re looking at you, Stephen Curry) earned over $45 million last year, others didn’t even reach the million-dollar mark.
All sports aren’t created equal though and basketball doesn’t even make the top five highest earning sports. Ice hockey, tennis and soccer stars round out the top three, with athletes in those sports able to build a huge amount of wealth from their appearance fees alone.
Still, there’s always ways for athletes to increase their earnings. UFC fighter Conor McGregor managed to be the top earning athlete in 2021, but a sizeable amount of his income was due the sale of his majority stake in Irish whiskey distiller Proper No. Twelve. However, opportunities for athletes go well beyond business deals.
As is the case with actors, musicians and other celebrities, the golden ticket to building an athlete’s net worth tends to lie in endorsements, sponsorships and selling their name (and often photos) wherever they can. Athletes have to be careful about what they do and say though… more than a few athletes have lost their product endorsements and been dropped by a brand over a scandal or unwise comment.
George Foreman's net worth of 290 million can buy...
The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.
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